UBS analyst Faham Baig maintained a Hold rating on British American Tobacco (BATS – Research Report) today and set a price target of £25.00. The company’s shares opened today at p2,744.00.
According to TipRanks, Baig is a 3-star analyst with an average return of 2.0% and a 56.36% success rate.
In addition to UBS, British American Tobacco also received a Hold from Goldman Sachs’s Richard Felton in a report issued on July 25. However, on July 26, Deutsche Bank maintained a Buy rating on British American Tobacco (LSE: BATS).
The company has a one-year high of p2,742.00 and a one-year low of p2,233.00. Currently, British American Tobacco has an average volume of 4.7M.
Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BATS in relation to earlier this year.
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British American Tobacco (BATS) Company Description:
Following the acquisition of Reynolds American, British American Tobacco is neck-and-neck with Philip Morris International to be the largest listed global tobacco company–slightly larger than PMI on net revenue, but slightly smaller on volumes. British American’s Global Drive Brands are Dunhill, Kent, Pall Mall, Lucky Strike, and Rothmans, and it also owns Newport and Camel in the U.S. The firm also sells vapor e-cigarettes, including its Vype brand, heated tobacco, with Glo, as well as roll- your-own and smokeless tobacco products. The company holds 31% of ITC Limited, the leading Indian cigarette-maker.
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